Cetera Investment Advisers Grows Stock Holdings in Invesco India ETF (NYSEARCA:PIN)

Cetera Investment Advisers boosted its stake in Invesco India ETF (NYSEARCA:PIN) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,207 shares of the company’s stock after purchasing an additional 3,201 shares during the quarter. Cetera Investment Advisers owned about 0.44% of Invesco India ETF worth $985,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PIN. JPMorgan Chase & Co. increased its position in shares of Invesco India ETF by 180,484.0% during the fourth quarter. JPMorgan Chase & Co. now owns 361,168 shares of the company’s stock worth $9,307,000 after acquiring an additional 360,968 shares during the period. MML Investors Services LLC purchased a new position in shares of Invesco India ETF during the fourth quarter worth $7,899,000. Raymond James Financial Inc. purchased a new position in Invesco India ETF in the fourth quarter valued at $1,580,000. McAdam LLC increased its holdings in Invesco India ETF by 23.8% in the fourth quarter. McAdam LLC now owns 213,362 shares of the company’s stock valued at $5,498,000 after buying an additional 40,954 shares in the last quarter. Finally, Yoffe Investment Management LLC acquired a new stake in shares of Invesco India ETF in the fourth quarter valued at about $810,000.

Invesco India ETF Stock Up 1.6%

Shares of NYSEARCA PIN opened at $26.60 on Friday. The company’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $25.84. Invesco India ETF has a 52-week low of $23.07 and a 52-week high of $31.17. The firm has a market cap of $233.02 million, a price-to-earnings ratio of 23.46 and a beta of 0.58.

Invesco India ETF Profile

PowerShares India Portfolio (the Fund) is based on the Indus India Index (Index). The Fund seeks to achieve its investment objective by investing substantially all of its assets in a wholly-owned subsidiary located in the Republic of Mauritius (the Subsidiary), which in turn invests at least 90% of its total assets in securities of Indian companies that consists of the Index, as well as American depositary receipts(ADR) and global depositary receipts (GDR) based on the securities in the Index.